Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Chubb Global Cyber Practice Launches Service to Combat Ransomware Attacks
Mar 23 2016 // In response to a 430-percent growth rate in Chubb’s criminal-related cyber losses over the past five years, Chubb’s Global Cyber Risk Practice has launched a service to assist policyholders with ransomware...
Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage
Mar 23 2016 // A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property...
Bangladesh Launches Cyber Heist Probe; Cash Packed into Manila Banker’s Car
Mar 18 2016 // Bangladesh police launched a criminal investigation on Thursday into the cyber theft of $81 million from the central bank’s U.S. account but said it was too early to pinpoint any suspects. The money was transferred...
QBE Launches Inland Marine Practice, Taps Pye to Lead
Mar 15 2016 // QBE Specialty has launched a suite of products for its newly created Inland Marine practice. This expansion includes a range of offerings for the following industry groups: Construction: Buildings and structures under...
Aon Launches Charter Flight Cancellation Coverage
Mar 14 2016 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, launched an insurance product for the charter aircraft industry addressing the financial losses associated with the cancellation of...
Specialist Lloyd’s Underwriter Marketform Announces Senior Appointments
Mar 8 2016 // Specialist Lloyd’s underwriter Marketform has announced a number of senior appointments, which are designed to strengthen its leadership team under the new chief executive officer, Martin Reith. With the strategic...
Endurance Hires Quartly to Launch International Casualty Insurance Business
Mar 7 2016 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Giles Quartly has joined the company senior vice president, head of International...
Chubb Offers ‘Cyber Enterprise Risk Management’ Solution for European Clients
Mar 3 2016 // Chubb announced the launch of Cyber Enterprise Risk Management, as the company continues to invest in its cyber risk capabilities across Europe. Cyber Enterprise Risk Management as “an end-to-end risk management...
MetLife Auto & Home Launches Commercial Auto Insurance in Select States
Mar 3 2016 // MetLife Auto & Home has introduced its first commercial automobile policy. The product is now available in Illinois, Indiana and Ohio, with more states planned in the near future. The commercial auto coverage is an...
BHSI Launches Asset Management Liability Policy in Asia
Mar 2 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has introduced Professional First™ Asset Management Liability Insurance for mutual funds, alternative funds and asset managers in the Asian market. BHSI describes the...
Allianz Launches Workers’ Comp Unit for Aviation Risks
Mar 2 2016 // Allianz Global Corporate & Specialty (AGCS) has entered into an agreement with the National Air Transportation Association (NATA) through which it has established a new aviation workers’ compensation department....
Ironshore Establishes Private Client Group, Launches Coverage in Select States
Mar 1 2016 // Ironshore Inc. has established a dedicated Private Client Group to introduce its new insurance plan, the Ironshore Private Insurance Portfolio. Ironshore’s personal lines policy will be available for high net worth...
DUAL Commercial Launches New Online Cyber Program
Feb 29 2016 // DUAL Commercial, LLC has developed DUAL CyberSecurity, a new cyber program to be led by Phil Hoyt, director of Cyber Insurance. DUAL CyberSecurity provides coverage in conjunction with DUAL Commercial’s programs, as...
South Carolina Announces Initiative to Prevent, Fight Cybercrime
Feb 26 2016 // The South Carolina Revenue Department’s massive 2012 data breach gave Gov. Nikki Haley a firsthand lesson on the need for efforts to counter cybercrime, she said Wednesday. “Today, there is never a day I...
BHSI Launches Professional & Pollution Liability Coverage for Contractors
Feb 23 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has launched Contractor’s Protective, Professional and Pollution (CP3) Liability Policy, which is available on a primary and excess basis for practice or project-specific...
Hiscox Launches E-Trading System for U.K. Commercial Brokers
Feb 22 2016 // After a successful pilot, Hiscox has launched Hiscox Trader, a new e-trading solution for U.K. commercial insurance brokers in partnership with insurance technology specialists Open GI London. The new cloud-based...
Farmers Insurance Launches Rideshare Coverage in Tennessee
Feb 17 2016 // Farmers Insurance has introduced rideshare insurance coverage for ride-hailing drivers in Tennessee. Mariel Devesa, head of product innovation for Farmers Insurance said Farmers has developed this Rideshare Insurance...
Liberty Specialty Announces Specialty Lines and Fine Art & Specie Appointments
Feb 12 2016 // Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Mike Gosselin to the role of chief underwriting officer for specialty, while also naming David Saillen as head of fine art & specie –...
Hartford Steam Boiler Launches Cyber Product for Mid-Size Companies
Feb 5 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has introduced HSB Total Cyber, a stand-alone insurance product that offers mid-size companies direct coverage for multiple types of data and...
UK’s Flood Re Secures $3B Reinsurance Program; Scheme to Launch in April
Feb 4 2016 // Flood Re, the UK’s new flood reinsurance scheme, has successfully secured a £2.1 billion ($3 billion) multi-year reinsurance program. Flood Re, based in London, will begin operating in April. In an oversubscribed...
